SES AI Corporation (SES)

SES AI Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	18.48	2.04	-	-	-	-
Cost of Revenue	6.4	0.75	-	-	-	-
Gross Profit	12.08	1.29	-	-	-	-
Selling, General & Admin	30.04	38.4	47.48	51.61	16.49	4.46
Research & Development	76.1	72.14	30.68	27.97	15.51	9.44
Operating Expenses	106.14	110.54	78.16	79.57	32.01	13.9
Operating Income	-94.06	-109.25	-78.16	-79.57	-32.01	-13.9
Interest & Investment Income	10.53	15.04	16.69	6.2	0.25	0.08
Currency Exchange Gain (Loss)	0.2	0.2	0.3	0.1	-0.2	-
Other Non Operating Income (Expenses)	-1.32	-1.18	0.03	-1.89	-0.11	-0.06
EBT Excluding Unusual Items	-84.66	-95.19	-61.15	-75.17	-32.07	-13.88
Gain (Loss) on Sale of Investments	0.5	0.5	0.1	-	-	-
Other Unusual Items	-6.07	-5.31	6.8	25.43	0.84	-
Pretax Income	-90.23	-100	-54.25	-49.74	-31.23	-13.88
Income Tax Expense	0.32	0.19	-0.85	1.26	0.03	0.01
Net Income	-90.55	-100.19	-53.4	-50.99	-31.26	-13.89
Net Income to Common	-90.55	-100.19	-53.4	-50.99	-31.26	-13.89
Shares Outstanding (Basic)	330	322	315	288	61	61
Shares Outstanding (Diluted)	330	322	315	288	61	61
Shares Change (YoY)	3.12%	2.15%	9.28%	371.94%	0.51%	494.54%
EPS (Basic)	-0.27	-0.31	-0.17	-0.18	-0.51	-0.23
EPS (Diluted)	-0.27	-0.31	-0.17	-0.18	-0.51	-0.23
Free Cash Flow	-62.63	-78.29	-72.18	-61.15	-38.94	-11.99
Free Cash Flow Per Share	-0.19	-0.24	-0.23	-0.21	-0.64	-0.20
Gross Margin	65.38%	63.14%	-	-	-	-
Operating Margin	-509.05%	-5355.29%	-	-	-	-
Profit Margin	-490.03%	-4911.03%	-	-	-	-
Free Cash Flow Margin	-338.92%	-3837.84%	-	-	-	-
EBITDA	-83.98	-100.94	-72.62	-76.98	-30.34	-12.2
D&A For EBITDA	10.09	8.31	5.54	2.6	1.66	1.71
EBIT	-94.06	-109.25	-78.16	-79.57	-32.01	-13.9

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q